November 29, 2004
For Immediate Release
Address: 26-1 Sakuragaoka-cho , Shibuya-ku, Tokyo
Company name: Global Media Online Inc.
Code No.9449
Company representative: Masatoshi Kumagai , Representative Director and President
Contact person: Masashi Yasuda , Executive Director
TEL: 03-5456-2555 (switchboard)
FAX: 03-3780-2611

URL: http://www.gmo.jp

Notice Regarding Merger of Group Companies of GMO
Global Media Online Inc. (hereinafter referred to as “GMO”) is pleased to announce that, to improvethe management of GMO Group companies, it was decided the Company will merge with threeGroup companies on January 1, 2005.

1. Aim of Merger
To improve the management of GMO Group companies, the Company will merge with CCS
HOLDINGS, INC, i’s Factory, Ltd. and 3721 Soft Inc. on January 1, 2005.

2. Schedule for Merger
Signing of merger agreement
A meeting of general shareholders approves themerger agreement
CCS HOLDINGS, INC.
i’s Factory, Ltd.
3721 Soft Inc.
Date of merger
Scheduled day of registration of merger

Friday November 22, 2004
Monday November 29, 2004

Saturday January 1, 2005
Tuesday January 4, 2005

3. Method of Merger
While acting as the surviving company, the Company will merge with CCS HOLDINGS, INC., i’sFactory, Ltd. and 3721 Soft Inc. Moreover, as those three companies are wholly-owned subsidiariesof the Company, no new shares will be allotted. In addition, no money will be transferred as a resultof the merger.
* 3721 Soft Inc. is scheduled to be made a wholly-owned company of the Company on December 5,2004.

4. Profile of Merging Companies
Trade nameCCS HOLDINGS, INC.
Business contents
To hold negotiable securities
CCS HOLDINGS, INC. holds 2,839 shares (65.7%) of Card Commerce
Service Co., Ltd., which operates an online credit card settlementbusiness via the Internet.
Date of establishment July 26, 2004
Location26-1 Sakuragaoka-cho, Subuya-ku, TokyoNoteThe Company turned CCS HOLDINGS, INC. into a wholly-owned
subsidiary through a stock swap as of September 14, 2004.
Trade nameBusiness contents

i’s Factory, Ltd.
To hold negotiable securities
i’s Factory, Ltd. holds 1,450 shares (51.0%) of Tea Cup Communication,Ltd., which operates a free rental site for bulletin boards.
Date of establishment February 5, 2003
Location
2-8-6, Kuzuume, Washimiya-machi, Kitakatsushika-gun, Saitama
Note
The Company turned i’s Factory, Ltd. into a wholly-owned subsidiarythrough a stock swap as of October 2, 2004.
Trade nameBusiness contents

3721 Soft Inc.
To hold negotiable securities
3721 Soft Inc. holds 7,121 shares (59.0%) of AccessPort Inc., which
provides the “JWord” service.

Date of establishment July 7, 2004
Location
2-21-1 Akasaka, Minato-ku, Tokyo
Note3721 Soft Inc. will become a wholly-owned subsidiary of the Company
through a stock swap as of December 5, 2004.

5. Status after the Merger
The status of the Company after the merger will be as follows:[Before the merger]
Company（100％）CCS HOLDINGS, INC.
(To be merged)(65.7%)
Card Commerce ServiceCo., Ltd.

（100％）
i’s Factory, Ltd. (To bemerged)(51.0%）
Tea Cup Communication,Ltd.

（100％）
3721 Soft Inc. (To bemerged)（59.0％）
AccessPort Inc.
* The Company holds a 14.9%
stake in AccessPort Inc.

[After the merger]
Company(65.7%）
Card Commerce ServiceCo., Ltd.

(51.0%）
Tea Cup Communication,Ltd.

（73.9％）
AccessPort Inc.

End